RML Unveils Performance for 1H/2021 Profit Grew 138.5% with Total Revenue of Baht 2,008.7 million Aims at Launching 3 New Ultra Luxury Projects in 2H/2021
RML announces operational results for the first half of 2021. Profit grew 138.5% with total revenue of Baht 2,008.7 million. Backlog stood at Baht 5,655.1 million. In the second half of 2021, sale will be focused on luxury condominiums located on prime locations such as The Estelle Phrom Phong and TAIT Sathorn 12. Three new ultra luxury projects will be launched.
Mr.Korn Narongdej, Chief Executive Officer of Raimon Land Public Co., Ltd. (RML), Thailand’s leading luxury property developer, said, “Regarding the operational results for the first half of 2021, the company achieved total revenue of Baht 2,008.7 million compared to the same period last year of Baht 1,049.4 million, a year-on-year increase of Baht 959.3 million or 91.4% growth. Gross Profit Margin picked up from 9.3% last year and soared to 24.9% on the same period this year; with a net profit of Baht 104 million which increased from a net loss of Baht 269.9 million last year, a year-on-year increase of Baht 373.9 million or 138.5% growth.
For the operational results during quarter 2/2021, RML achieved total revenue of Baht 409.5 million, down 34.6% or Baht 216.3 million from the previous year’s result of Baht 625.8 million. On the other hand, Gross Profit Margin significantly improved from 7.8% to 25.8%, resulting in a reduction of net loss from Baht 130.4 million in the same period last year to Baht 34.3 million this current quarter.